The Manila Times5h ago

MKDWELL Tech to buy Landvision BVI in US$240 million all-share deal for 87.72% post-issue stake

MKDWELL Tech Inc. (Nasdaq: MKDW) said it will acquire British Virgin Islands-based Landvision BVI in an all-share transaction that will give it 100% control of Hong Kong smart-home company Landvision Technology Limited. The deal is valued at US$240 million and will be paid through the issuance of 30,000,000 new shares, representing about 87.72% of the enlarged share capital. Landvision’s business spans Matter-certified smart security hardware, cooling appliances and OEM/ODM services for international retailers and in-house brand channels. MKDWELL said the acquisition is intended to accelerate its shift from cyclical automotive electronics manufacturing toward a consumer AIoT platform.

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